Understanding order types is a fundamental step for any trader aiming to succeed in volatile markets. A market order executes immediately at the current price — perfect when speed is your top priority. A limit order gives you more control, letting you set the price at which you’re willing to buy or sell. Want to protect your downside? Use a stop-loss order to automatically exit a position if the price drops too far. More advanced traders may also use stop-limit or trailing stop orders for precision and risk management. The right order type can be the difference between gains.
